Sunday, February 08, 2009
The Wind Turns
I am re-reading Captain Horatio Hornblower's always enjoyable adventures, which explains my use of circa 1800 naval expression. Bank of Israel reports that in December 2008 foreign investments in the Tel Aviv Stock Exchange totaled $93 million - $40 million in shares and $53 million in bonds. In the previous two months foreign investors had sold shares - about $1 billion in October and $400 million in November. Well, this explains the tremendous drops in TASE and the current favourable environment. I should buy more, but have no money. It is very difficult to collect debts.